FOR SALE - MOTEL PROPERTY 15 motel units   23 efficiency apartments   8 one bedroom apartments   2 Bedroom living quarters   3,700 sq ft Front Office Building with full basement includes Caretaker’s unit, Front Office,  storage, 3 rental units plus one commercial office currently rented out.

LOCATION: Downtown Alexandria, MN. Just 2 blocks west of Douglas County Hospital LAND AREA: Approx. 2.7 acres SIZE OF MOTEL: 7,427 sq ft lower level; 6,400 upper level. OCCUPANCY RATES: 2008 YTD – Motel 30%, Apartments 88% REAL ESTATE TAXES: $13,590 GROSS INCOME:  $212,346 (2007) $265,464 (2008)

Here is your opportunity to own a multifunctional motel/extended stay facility in one of the fastest growing areas in central Minnesota.  Located next to the airport, a clinic, and between downtown and Interstate I-94.  This is a year round recreational area for any activity in season.  This is a great income property located in a growing community with lots of new opportunities.  This is a very well managed and well kept facility in excellent condition with on site managers and security cameras.  There are housing options available to take advantage of the very popular Alexandria Technical College, for both seasonal programs and year around programs.  It has a Rec Center that is fully equipped, fully furnished apartments and is close to a bike trail.  Another smaller facility is also available in the same area to complement this one.  For demographics and birdseye imagery go to http://www.cbcworldwide.com/cbclistings/4613741.html.  Additional Financial/Business information provided upon receipt of signed confidentiality agreement. Price:  $1,200,000 $1,100,000   Terms: Negotiable